Financial Transmission Rights (FTR)
CFTC said it is amending its order exempting RTOs from certain provisions of the Commodity Exchange Act to clarify that it does not bar private rights of action.
MISO Market Subcomittee Briefs: MISO is seeking stakeholder input on how to revise its energy offer cap rule while awaiting guidance from FERC.
The MISO Market Subcommittee discussed Coordinated Transaction Scheduling with PJM and a potential 30-minute reserve product.
The Clean Power Plan, FERC Order 1000, enforcement and distributed generation were favorite topics at the Energy Bar Association’s Midwest chapter meeting.
The Monitor reported that the PJM energy, capacity, regulation, synchronized reserve and FTR markets were all competitive in the 2015 State of the Market.
The PJM Market Implementation Committee rejected two proposals that would delay the disclosure of financial transmission rights on March 9, 2016.
FERC found adjusting the ARR allocation rules “are a necessary step” to correct the TCR underfunding, but it set the amount available in the allocation process at 60%.
A parade of witnesses implored the CFTC to reverse its position in a case that they say could undermine the broad exemptions the commission granted RTOs and ISOs in 2013.
All of the speakers at a FERC technical conference agreed that PJM's allocation method for FTRs and ARRs could be improved.
FERC has dismissed NRG's complaint alleging MISO’s 2013 revision of congestion pricing rendered the company’s FTRs worthless.
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